Paramount Clears Major U.S. Antitrust Hurdle for Proposed Warner Bros. Discovery Acquisition

Paramount Skydance Corporation announced the expiration of the Hart-Scott-Rodino (HSR) Act waiting period for its proposed all-cash acquisition of Warner Bros. Discovery, Inc. (WBD). This milestone removes a key U.S. statutory impediment, allowing the company to proceed with the potential transaction.

Key Details

• Regulatory Milestone: The 10-day statutory waiting period under the HSR Act expired on February 19, 2026.
• Proposed Transaction: The clearance relates to Paramount's all-cash offer to purchase all shares of Warner Bros. Discovery, Inc.
• Remaining Conditions: The acquisition remains subject to other conditions, including entering a definitive merger agreement, shareholder approval, and regulatory clearance in other jurisdictions.